Santam, the short term insurance group, reported HEPS up 7.1% to 2,006c. Insurance revenue increased 1.7% to R27.96bn, while conventional insurance net earned premiums rose 6% to R18.9bn. Earnings benefited from strong alternative risk transfer performance, although catastrophe and large losses increased sharply. The interim dividend increased 10.2% to 650c per share.
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